Taiwan Semiconductor Manufacturing (TSM) Stock Analysis & Forecast

Taiwan Semiconductor Manufacturing Company Ltd. Electronic technology sector. Market cap $2.25T.

$434.67+4.41 (+1.0%)

Close on Sep 18, 2026. Page updated Sep 19, 9:14 pm ET.

Gekko Brief

AI summary

TSM closed at $434.67, up 1% on the day, holding above both its 50-day average of $417.37 and its 200-day average of $379.33. The GekkoIndex reading sits at 53, placing the stock in the Neutral zone. Price stands 8.9% above Gekko Fair Value of $398.99, a gap that has widened even as the stock trades near the upper half of its 52-week range of $257.98 to $479.00.

Coverage this week centers on TSMC's dominance in advanced chip manufacturing and packaging, with several pieces framing the company alongside ASML and comparing its foundry position to GlobalFoundries. Recurring themes include TSMC's control of CoWoS advanced packaging, its role in AI accelerator production, and broader labor supply concerns across U.S. chip manufacturing, with estimates of a shortage of up to 157,000 skilled workers by 2030 affecting peers including Samsung and Micron. None of the coverage centers on new guidance or deals; it largely revisits TSMC's competitive standing following its Q2 2026 results.

The next earnings date falls on 15 October 2026, before the open, 25 days out and inside a typical 20-trading-day holding window; the prior report on 16 July 2026 produced a 5% reaction despite an EPS beat of $4.31 against a $3.87 estimate. Over the last 90 days, insiders made 17 open-market purchases totaling $1,257,360, alongside 2 Congressional buys and no sales. Seasonally, the next 20 trading days have averaged a 2% gain over 5 years, rising in 4 of them. Analyst coverage from 8 firms shows 7 buy ratings and 1 hold, with a consensus target of $552.26.

Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.

Price vs fair value

Close $434.67200-day averageGekko Fair Value $398.99

Key stats

Market cap
$2.25T
P/E ratio
32.1
Forward P/E
19.8
EPS, TTM
$13.42
Revenue, TTM
$4.44T
Profit margin
49.9%
Dividend yield
0.95%
Beta
1.25
Volume
12.78M avg 9.62M
1-year return
+65.4%
Typical daily move
±2.2%
Typical 20-day move
±7%
50-day average
$417.37
200-day average
$379.33
Next earnings
Oct 15 before open
Shares outstanding
5.19B
52-week range
$257.98$479.00

Taiwan Semiconductor Manufacturing swing-trade checklist

Taiwan Semiconductor Manufacturing scores 3 supportive, 1 mixed and 2 headwinds across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive1 mixed2 headwinds

  • Trendsupportive

    Above 50 and 200-day

    Close $434.67 is above the 50-day ($417.37) and 200-day ($379.33) averages, and the 50-day is above the 200-day.

    See the chart
  • GekkoIndexmixed

    53, Neutral

    Reading 53 is in the Neutral zone.

    See the GekkoIndex
  • Fair valueheadwind

    8.9% above

    Price is 8.9% above Gekko Fair Value (more than 5% above).

    See fair value
  • Smart moneysupportive

    Leans bullish

    Last 90 days: 17 open-market insider purchases; Congress 2 buys / 0 sales.

    See smart money
  • Earnings riskheadwind

    Reports in 25 days

    Reports on Oct 15, 2026, 25 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +2.0% on average

    From this point in the calendar, the next 20 trading days averaged +2% over 5 years, rising in 4 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Taiwan Semiconductor Manufacturing stock chart and price history

Taiwan Semiconductor Manufacturing closed at $434.67 on Sep 18, 2026, +65.4% over the past year, inside a 52-week range of $257.98 to $479.00.

Close50-day average200-day averageVolume

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
+5.5%
3 months
−5.9%
6 months
+28.3%
1 year
+65.4%
The full TSM chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open TSM in Gekko

Follow Taiwan Semiconductor Manufacturing through every session

Put TSM on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.

Track TSM in GekkoFree for 7 days. No credit card required.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing makes chips for clients worldwide, covering the fabrication, packaging, testing and shipping of integrated circuits and related components. It works with several wafer-processing methods that yield logic chips, mixed-signal parts, radio-frequency components, embedded memory and other specialized semiconductor types. These products end up in computing hardware, mobile devices, connected sensors, vehicle electronics and everyday consumer gadgets.

Beyond producing chips for other firms, the company helps clients with technical and engineering questions, builds custom masks, and puts capital into newer technology ventures. It also handles color filters from early design work through to finished sales, and offers some investment-related services on top of its manufacturing business. Its operations stretch across Taiwan, China, Japan, the United States, and parts of Europe, the Middle East and Africa.

The company traces back to 1987 and runs its main offices out of Hsinchu City, Taiwan. Its stock trades under the ticker TSM.

Sector
Electronic technology
Website
tsmc.com

Taiwan Semiconductor Manufacturing GekkoIndex: the smart money zone

Taiwan Semiconductor Manufacturing’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 53, in the Neutral zone, down 1 point over five sessions.

010053Neutral

Down 1 point over five sessions.

Reading for Sep 18, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying10+2.5%+3.2%+3.5%+24.1%
Accumulation133+0.9%+2.8%+6.2%+20.5%
Neutral (current zone)429+1.2%+1.8%+3.6%+8.5%
Distribution43+0.2%+2.4%+4.5%+5.1%
Selling0Not available

Average TSM share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.2% over 20 days. Past behaviour doesn’t guarantee future results.

Neutral zone: No clear directional signal. About the five zones →

See every daily GekkoIndex reading plotted over the TSM price, zone by zone.Track TSM in Gekko

Is Taiwan Semiconductor Manufacturing stock overvalued? Gekko Fair Value

Taiwan Semiconductor Manufacturing trades 8.9% above Gekko Fair Value of $398.99, so the shares are overvalued on Gekko’s estimate.

Gekko’s own estimate of what Taiwan Semiconductor Manufacturing shares are worth, recalculated every trading day.

$398.99

Gekko Fair Value, Sep 19, 2026

8.9% Overvalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open TSM in Gekko

Taiwan Semiconductor Manufacturing insider and Congress trading

Insiders filed 17 open-market purchases in Taiwan Semiconductor Manufacturing worth $1.26M, and members of Congress disclosed 2 purchases and 0 sales, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

$1.26Min 17 open-market purchases

FiledInsiderTypeSharesValue
Sep 4Fang Shu-Hua
officer: SVP and GC
Purchase1,000$77K
Aug 20Yuan Lipen
officer: VP
Purchase1,000$75K
Aug 20Yuan Lipen
officer: VP
Purchase1,000$74K
Aug 4Bor-Zen Tien
VP
Purchase1,000$73K
Jul 30Bor-Zen Tien
VP
Purchase1,000$68K

From Form 4 filings, dated to when each was filed.

Congress trades last 90 days

2trades disclosed: 2 purchases and 0 sales.

MemberTypeAmountDisclosed
Cleo Fields
House, LA, purchase
Purchase$1,001 - $15,000Jul 31
traded Jul 10
Cleo Fields
House, LA, purchase
Purchase$1,001 - $15,000Jul 31
traded Jul 9

From congressional disclosures, which report amounts as ranges.

Hedge funds and billionaires quarter ended Jun 30

19of the funds Gekko tracks hold TSM.

4added3opened12trimmed1sold out
Which funds are on each side, name by name.Unlock in Gekko

Taiwan Semiconductor Manufacturing earnings: next date and track record

Taiwan Semiconductor Manufacturing reports on Oct 15, 2026, before the open (25 days away), and beat the EPS estimate in 7 of its last 8 reports.

7 of 8reports beat the EPS estimate
±2.7%average move across the report
3 of 8reports followed by a gain

Share-price move across each report

−0.3%Nov ’24+2.3%Jan ’25−0.3%May ’25+1.2%Jul ’25−3.2%Oct ’25+4.7%Jan ’26−4.4%Apr ’26−5.0%Jul ’26

Last earnings call, Jul 16, 2026 AI summary

What they said
TSMC reported Q2 2026 gross margin of 67.7%, up 150bps sequentially, beating guidance. Advanced nodes (7nm and below) drove 77% of wafer revenue, with HPC platforms surging 20% QoQ to represent 66% of revenue. Cash and marketable securities stood at $110 billion. The company raised its full-year 2026 CapEx budget to $60-64 billion, citing strong AI, HPC, and agentic AI demand.
Guidance
Q3 2026 revenue guided at $44.6-$45.8 billion, representing 12% sequential and 37% YoY growth at midpoint. Gross margin expected at 65-67%, with N2 ramp diluting margins by 3-4 percentage points, partially offset by strong leading-edge demand and cost improvements.
ReportedEPSSurpriseRevenueSurpriseMove
Jul 16, 2026$4.31
est $3.87
+11.4%$39.36B
est $39.83B
−1.2%−5.0%
Apr 15, 2026$3.49
est $3.31
+5.4%$35.98B
est $35.35B
+1.8%−4.4%
Jan 15, 2026$3.09
est $2.90
+6.6%$33.14B
est $33.01B
+0.4%+4.7%
Oct 16, 2025$2.92
est $2.63
+11.0%$32.36B
est $32.07B
+0.9%−3.2%
Jul 17, 2025$2.50
est $2.38
+5.0%$31.75B
est $30.21B
+5.1%+1.2%
May 15, 2025$2.14
est $2.07
+3.4%$25.80B
est $25.46B
+1.4%−0.3%
Jan 16, 2025$2.19
est $2.20
−0.5%$26.38B
est $26.24B
+0.5%+2.3%
Nov 14, 2024$1.95
est $1.79
+8.9%$23.60B
est $23.31B
+1.3%−0.3%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Taiwan Semiconductor Manufacturing stock forecast and analyst price targets

Analysts’ average 12-month price target for Taiwan Semiconductor Manufacturing is $552.26, +27.1% from the last close, from 8 firms rating the stock in the last 90 days.

$552.26consensus 12-month target, +27.1% from the last close
Low $440High $650
Buy7
Hold1
Sell0

Each firm’s latest rating in the last 90 days: 8 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 12SusquehannaBuy, reiterated$600+38.0%
Sep 11Stifel NicolausBuy, maintained$515+18.5%
Sep 8BernsteinBuy, maintained$554+27.5%
Sep 2Stifel NicolausBuy, initiated$515+18.5%
Sep 1Stifel NicolausBuy, initiated$515+18.5%
+3.6%average 20-day move after past Neutral readings
+2.0%average move over the next 20 trading days in the last 5 years
±2.2%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Taiwan Semiconductor Manufacturing seasonality: the next 20 trading days

Over the next 20 trading days from Sep 19, Taiwan Semiconductor Manufacturing averaged +2.0% across the last 5 years, rising in 4 of them.

Next 20 trading days, by year

+0.6%2021−17.1%2022+3.2%2023+16.8%2024+11.4%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+0.5%3 of 5
Next 10 trading days−0.8%2 of 5
Next 15 trading days+0.6%3 of 5
Next 20 trading days+2.0%4 of 5
Next 30 trading days+1.2%2 of 5

For scale, TSM’s typical 20-trading-day move in either direction is about 7%.

Taiwan Semiconductor Manufacturing market cap and key statistics

Taiwan Semiconductor Manufacturing’s market cap is $2.25T, with a P/E ratio of 32.1 and revenue of $4.44T over the last twelve months.

Valuation

Market cap
$2.25T
P/E ratio
32.1
Forward P/E
19.8
EPS, TTM
$13.42
Gekko Fair Value
$398.99

Trading

Volume
12.78M
Avg volume, 20 days
9.62M
52-week high
$479.00
52-week low
$257.98
Shares outstanding
5.19B

Financials

Revenue, TTM
$4.44T
Profit margin
49.9%
Return on equity
40%
Quarterly earnings growth, YoY
+77.4%

Risk and income

Beta
1.25
Typical daily move
±2.2%
Typical 20-day move
±7%
Dividend yield
0.95%

More stocks

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Taiwan Semiconductor Manufacturing stock FAQ

What is Taiwan Semiconductor Manufacturing’s market cap?

Taiwan Semiconductor Manufacturing’s market cap is $2.25T at the Sep 18, 2026 close of $434.67, with 5.19B shares outstanding. The shares trade on a P/E ratio of 32.1.

What is the Taiwan Semiconductor Manufacturing stock forecast?

The consensus analyst 12-month price target for Taiwan Semiconductor Manufacturing is $552.26, +27.1% from the last close. Of the 8 firms that rated the stock in the last 90 days, 7 rate it a buy, 1 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Taiwan Semiconductor Manufacturing stock overvalued or undervalued?

On Gekko’s estimate Taiwan Semiconductor Manufacturing is overvalued: the Sep 18, 2026 close of $434.67 is 8.9% above Gekko Fair Value of $398.99. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Taiwan Semiconductor Manufacturing report earnings next?

Taiwan Semiconductor Manufacturing is expected to report on Oct 15, 2026, before the market opens (25 days away). Analysts expect earnings of $4.41 per share on revenue of $45.17B. Taiwan Semiconductor Manufacturing beat the earnings estimate in 7 of its last 8 reports, moving 2.7% on average across the report.

What is Taiwan Semiconductor Manufacturing’s 52-week high and low?

Taiwan Semiconductor Manufacturing’s 52-week high is $479.00 and its 52-week low is $257.98; it closed at $434.67 on Sep 18, 2026, +65.4% over the past year.

Is Taiwan Semiconductor Manufacturing stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 6 items with data read as supportive (trend, smart money and seasonality), 1 as mixed (gekkoindex) and 2 as headwinds (fair value and earnings risk). The checklist is a description of current data, not a recommendation.

How this page works

Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

See Taiwan Semiconductor Manufacturing the way Gekko members do

Every GekkoIndex reading, insider trade, options bet and Congress disclosure plotted on the chart, plus the 5,800-name screener and trade planning tools.

Join 1,349 other traders using Gekko

Start Your FREE 7 Day Trial → Every feature unlocked. No credit card required.